July 15, 2025 • 49 mins
Dr. Alan Lomax shares valuable insights about wealth-building through alternative investments, revealing how the wealthy invest differently than the average person. He explains the barriers preventing most people from accessing high-yield private investments and offers solutions through his coaching program.
• Celebrating 1 million podcast downloads
• Introduction to Dr. Alan Lomax, organizational system psychologist and investor
• The story behind "Steed Talker" and connection with traumatized horses
• How animals respond to human energy and presence
• Dr. Lomax's mission to empower professionals to develop wealth while pursuing their passion
• The IMPACT framework: Integrity, Meaning, Prosperity, Altruism, Consciousness, Transformation
• Why 95% of people limit themselves to stocks and bonds
• Three barriers to alternative investments: awareness, education, and access
• How the wealthy invest differently (only 18% in public markets vs 65%+ in private placements)
• Syndications explained - typically $50,000 minimum investment
• Personal transformation stories and finding purpose after hardship
• The importance of compassion in business and life
Find Dr. Alan Lomax on LinkedIn or visit steedtalker.com to learn more about alternative investment opportunities.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Dwan Bent-Twyford (00:02):
Hey everyone, welcome to the most Dwanderful
real estate podcast ever.
I am your host, Dwan Bent-Twyford.
I'm America's most sought afterreal estate investor.
I'm going to share some reallygreat news with you.
We just reached 1 milliondownloads.
1 million downloads and that isthanks to all of you.
I cannot tell you how excited Iwas when I got the notification
(00:26):
from Buzzsprout and the littleofficial 1 million downloads.
So thank you and keep listeningand keep coming back.
If you're new to me, my mottoat Dwan it's Dwan-der-ful, so my
first name is Dwan.
I took wonderful and made a newword, so this is the
Dwan-derful Universe, and ourmotto is people before prophets.
(00:48):
So I have a great guest todayand let me tell you something.
His name is Dr Alan Lomax.
We have had a time getting onhere today.
So, Dr Alan, welcome to my show.
Dr. Allen Lomax (01:03):
Well delighted to be here, Dwan, and
congratulations on 1 milliondownloads 1 million.
Dwan Bent-Twyford (01:10):
I don't even keep track of anything.
I got a little notificationfrom a bus driver with all these
balloons and this thing.
I was like a million.
So immediately I Google like isa million downloads high or
good, because I don't reallyknow, and it's like, oh, you're
in like the top, like 5%, likeworldwide, and I'm like, oh no.
(01:33):
So then I was just like this isthe coolest thing.
This is the coolest thing.
So how are you today?
And thank you for all of that.
I'm telling you, folks, we'vebeen trying for like three times
to get in this room together.
Dr. Allen Lomax (01:48):
It was quite the time I'm doing well, Dwan,
and I'm glad to be with youtoday.
Dwan Bent-Twyford (01:54):
I am too.
I'm glad you're here.
So we are just veryconversational.
We like to have fun.
This podcast would be like ifyou and I were sitting at a
table having lunch and we nevermet before.
We would just be talking aboutand getting to know each other.
So I am a big fan of the casual, so I like to just kind of
(02:15):
throw my guests into the wolvesa little bit and just have you
tell us just who you are andwhat you do, just like in two
sentences.
And then I'm going to ask you abunch of fun questions to find
out how you became to be mysuper cool guy.
You're my wicked smart guy onmy podcast today.
Dr. Allen Lomax (02:35):
Well, thank you for that.
And well, I am Dr Alan Lomax.
I have been Lomax, I have beeninvesting for way too many years
over three decades and I havebeen in higher education as a
professor and an administrator,working in organizational change
(02:59):
and working with individualsthat whole entire time to
develop themselves as people andpersons and to find their
passion to go for it.
So that's me Okay nice.
Dwan Bent-Twyford (03:16):
So doctor of what?
Dr. Allen Lomax (03:18):
Doctor of organizational system psychology
, oh.
Dwan Bent-Twyford (03:21):
I know you know I love psychology,
organizational system psychologyoh, I know you know I love
psychology.
I told my husband when I wasnow.
I graduated high school in 77.
And I lived in Ohio in a verysmall town and women were
encouraged to work at thefactory to get married and have
kids.
It was not like you should goto college and I always thought
(03:46):
if I ever went to college Iwould totally be into like
psychology or psychiatry and belike a forensic psychologist and
working with serial killers andtrying to figure out people.
So I love what you do, becausethat's one of the things that I
wish I would have done, but nowI'm like, nah, I'm so far into
real estate.
I love what I'm doing now.
So let's talk about, first ofall, how does everyone find you
on social media?
Dr. Allen Lomax (04:06):
I'm on LinkedIn it's probably the best place to
do that just at Alan Lomax andAlan is A-L-L-E-N and just Alan
Lomax, and you can find me onLinkedIn.
You can find me at our website,at steedtalkercom.
That's steed as in the horseand talker like I'm doing now.
(04:27):
That's one word steedtalkercom.
Dwan Bent-Twyford (04:32):
So I was thinking.
When I saw your email, Ithought steed talker, what does?
Dr. Allen Lomax (04:42):
that mean.
Because I hear the word steed Ithink of a horse.
Is that right, Aren't theycalled?
Dwan Bent-Twyford (04:44):
Steed, that's a horse.
Yes, okay, so I like.
So how did we come up withSteed Talker?
Dr. Allen Lomax (04:50):
Well, that's a very good question, so I'll tell
you a story.
Okay, you like stories.
Okay, I like stories.
I love stories.
Well, there was this horse thatcame into my life and he was
(05:11):
about a 10-year-old horse and hewas a traumatized horse, to say
the least, and we were havingsignificant issues with him.
You just even just began toapproach him with a bridle and
(05:35):
he became hysterical.
He just yanked his head up,became a really dangerous horse,
and so I just approached himand entered into a present
moment, quiet meditation, and Ijust stood with him for 20, 25
(06:02):
minutes in just this silentmeditation, and during that time
, of course, that peacefulnessis contagious and so he began to
drop his head and relaxthroughout his whole entire body
and with him in that relaxedposition I just slipped the
(06:24):
bridle right on him by the way,I don't use bits, it's a bitless
bridle and he just acceptedthat.
I mean, there was no training,no coercion, and he just
accepted that became a totallydifferent horse and over the
course of time that I have beenwith him he's gone from being
(06:48):
what was really a very dangeroushorse to being one of the most
congenial and most willinghorses that I've ever had in my
life.
So that's just one experience.
I've had many other experienceswith horses, with dogs and cats
as well.
(07:08):
But incidentally, his name wasDoc, which is a healer, the
shaman, the healer, and that'swhat he has been to me as well.
(07:29):
I mean, as he's healed himselffrom the trauma that he had
experienced, he's also been ahealing agent to me.
Dwan Bent-Twyford (07:39):
Wow, I love that story.
That's like you know.
I don't think a lot of peoplerealize that animals 100% pick
up your energy, and so I don'tknow if you've ever watched
Cesar Millan the Dog Whisperer.
Dr. Allen Lomax (07:57):
I have not.
I've heard of him.
Dwan Bent-Twyford (07:59):
So his whole thing is because I've owned, my
husband and I are currentlydogless but since we've been
married the last 23, 23 yearswe've probably had eight dogs.
And after I read his and histhing is like, if you're going
to go into like a kennel ofpuppies, you just sit there and
you see which one comes to you,because one will be attracted to
(08:20):
your energy and the others willwant nothing to do with you.
And I was like, oh, so youdon't just go, I'll take that
one.
And we started doing that, likewith my last and I've had like
four, but we get the bignewfoundlands so they only live
like 10 years.
But my last four dogs I just satin the kennel and at one kennel
we went to the dogs all smelledme and they all walked away.
(08:41):
Not a single dog wantedanything to do with me and I was
like, okay, I'm not offended,we're going to go someplace else
, I don't have the energy forwhatever.
And then we went to the nextplace to get a new fee and it
was like 12, 18 puppies in thatroom All climbed and they all
just walk away.
And then one comes over andjust lays on me and puts his
(09:03):
head on me and fell asleep.
I was like, oh, this is my dog,and so unfortunately he passed
already.
His name was Bo, but that I'mtelling you that was like my
soulmate dog and it's like withthe horse.
You were just so calm and yougot the horse calm.
Dr. Allen Lomax (09:23):
And the next thing you know, you're healing
each other, absolutely.
Yeah, it's a two-way street,always is.
Dwan Bent-Twyford (09:27):
Yeah, I'm a really big believer.
I know people all the time Like, oh, I'm going to just go get a
dog from the kennel.
It's like, just please, justeven just sit and make sure the
dog even likes you.
And you know people are like,how are these uncontrollable
animals?
It's like, but you weren't theperson, you weren't the energy,
you weren't what the dog needed.
So it's got to be choice.
So I love that story.
I love that story and so nowlet's talk about so you help
(09:51):
people become the best they canbe.
Dr. Allen Lomax (09:56):
That's what I strive to do.
Yes, while I'm working, whileI'm working on myself, I'm not
there yet.
Dwan Bent-Twyford (10:02):
Yeah, none of us are there.
Yeah, I'll never be.
I don't know.
We're always moving andchanging, so someone comes to
you.
What kind of a person wouldcome to you and say, hey, I need
help with?
Are you like counseling aperson?
Are you working with people inreal estate?
Are you just, in general,helping people be better
(10:24):
versions?
Dr. Allen Lomax (10:34):
And how would a person, or what kind of person,
would come to you?
Well, that's a wonderfulquestion.
I strive to empowerprofessionals and entrepreneurs
to engage passionately in thework of their calling while at
(10:55):
the same time developing theirfinancial wealth, and so the
(11:34):
kind of person who would come tome is a person who is
passionate about what they'redoing wealth in the best way
possible to what I call to bringpositive impact to the world.
In fact, impact is an acronymfor my core values, which is
integrity meaning.
Integrity meaning productivityI'm forgetting what all of these
are here.
Integrity meaning prosperity,I'm sorry and altruism,
(12:09):
consciousness and transformation, and so the people that come to
me are looking way beyond theirwealth development, to looking
to see how they can live theirbest life and how financial
well-being can further enhancetheir impact on this world.
Dwan Bent-Twyford (12:32):
Don't you find that many, many, many, many
, many people are completely andtotally financially illiterate?
Dr. Allen Lomax (12:41):
Unfortunately, that is the case, and it's not
just people who are on the lowerrim of financial well-being.
It's very well-off people whoare making huge incomes and
(13:05):
they're spending all of it andnot enhancing their wealth.
And even those who are savingand investing 95% of them are
going to have all of theircapital assets in stocks and
bonds, and I mean they've beentaught that that's the secure
(13:31):
and safe way to go.
But there's two problems withthat.
First of all, that's not theway to find the highest returns
on your investment and, secondly, the stock market is in
continual volatility and it'sokay, I guess, for some of your
(13:58):
assets.
But when that's the only placeyou have your assets, you're
setting yourself up for a lot ofturmoil and disappointment and
you're shorting yourself on thereturns.
And, like I said, I mean 95% ofpeople who have capital to
(14:18):
invest are putting their moneyin those public markets.
Well, that barrier to crossover to private equities and to
other alternative investments inreal estate and what have you?
Well, there's a big barrierthere.
First of all, you have to knowabout the fact that there's
other alternatives there whichyour financial advisor, by and
(14:42):
large, is not going to tell you.
That, because most financialadvisors are just salesmen and
they want you in stocks andbonds?
Dwan Bent-Twyford (14:50):
They don't know.
Dr. Allen Lomax (14:52):
They don't know .
They don't want to know and theydon't want to know because
their money is coming from thosecommissions, from those stock
sales, stock sales.
And then, even if you know thatthere's other alternatives
there, then there is.
You don't have to know a lot,but there are things you have to
(15:18):
know if you're going to putyour money in these alternative
investments, and thatinformation is just not readily.
I mean, it's out there.
If you know where to look forit and find it, it's out there.
And then the other thing isthat, even once you have all of
this information, finding theopportunities, these private
(15:40):
opportunities, is another hurdlethat you have to overcome.
So there's the educational,there's just the knowing about
it, and then there's findingthose private placements.
So there's really threebarriers to crossing over that.
The wealthy are doing it, thoughI mean Wealthy are doing it,
(16:02):
though I mean that's where mostof the people who have money are
putting their money in privateopportunities.
Tiger 21 is an organization ofit's a peer organization of high
net worth individuals.
I don't know what the floor ison that.
(16:23):
I think you have to have $5million in assets to be in this
particular network, but theypublish where their members are
investing and they have 65% ormore in alternative private
placements and only about 18% inpublic markets.
(16:44):
So if you want to be wealthy,you want to develop your wealth.
Study what the wealthy aredoing.
Dwan Bent-Twyford (16:52):
Exactly.
So what would you tell peopleto do?
If you meet someone like, hey,I want to start investing, do
you help people place money ordo you help steer them to the
things that you believe willwork for them, and can you give
anything specific?
Dr. Allen Lomax (17:10):
Well, I mean absolutely.
I mean I don't want to come onyour show and just have a sales
pitch here.
But yes, since you asked, yes,we do have.
We have a coaching program andthe coaching program goes beyond
that because it's a lifetimecoaching program and we also
(17:31):
have a wide network of over 700operators who provide private
placements.
So we have the coaching, theeducation and we have the
private placement opportunitiesthere.
So, yeah, they can come to us.
(17:52):
I mean, we're certainly not theonly resources out there, but
we do provide that.
Dwan Bent-Twyford (17:59):
Well, no, it's not a sales pitch, because
you know, I have been realestate investing for almost 35
years.
I've been teaching for 30 years.
I teach people all the time.
But I learned from the seat ofmy pants, Like when I started, I
was going through a divorce, mydaughter was eight months old
and I was like, oh, do I get ajob?
(18:20):
What do I do?
How do I work from home?
And I met some people like, ohyeah, we're investors, you buy
houses because it might beselling like you know.
I'm like, oh, how hard couldthat be?
Totally not as easy as itsounded.
But you know, I did it.
And then, not long after, I waslike gosh, I could teach other
people how to do this because Iwas dealing specifically excuse
(18:41):
me in the foreclosure market andI was seeing that there's
thousands of people inforeclosure and this is in.
I was started off in Palm BeachCounty, florida, and there's
thousands of people inforeclosure and there's like 10
investors.
So I was always like, hey,listen, if I do 100 and you do
100 and you do 100 and you do100, we can help all the people.
(19:02):
And I tell people all the timeto this day like listen, don't
try to figure it out foryourself.
My learning curve was long.
I mean I learned how to rehabhouses with no skills.
I went to Home Depot, I tookclasses, I learned how to lay
tile and put in kitchens and putin toilets, and I probably
(19:23):
didn't really know what I wasdoing with all the various
aspects of real estate for sevenor eight or nine years, whereas
there would have been a personat that time which there wasn't
in the 90s that could say, hey,let me teach you this and I'll
cut off all these years oflearning curve.
I would have done it in aheartbeat.
So I always tell people if youcan find someone that can help
(19:45):
you with what you're looking for, you need to cut your learning
curve because you learn frommentors or mistakes and in the
long run mentors are cheaper.
No matter what they charge,they're still cheaper.
And you know one big giantmistake, in real estate
especially, and you can be outof business and lose all your
money.
You put into it and you're done.
Dr. Allen Lomax (20:09):
And I couldn't agree more the most expensive
school is that school of hardknocks, and actually learning
that that's the most expensiveschool is one of the most
expensive lessons I think mostof us learn, because I had to go
through the same path that youdid single family and did rehabs
(20:31):
and uh and fix for rentals anddid some fix and flip and uh and
.
Well, I learned a lot and youknow, what I finally learned
after many years of doing this,is that that a, an experienced
craftsman, is going to do thejob a hundred times better than
(20:54):
I will ever do as an amateur.
Dwan Bent-Twyford (20:57):
Yep, no, it's true.
It's true.
I mean, I started off rehabbingso I would actually live in
this rehab with my daughter,because I was like I'm not
putting her in daycare, I'mraising that kid by myself, I
want to be, you know, theKool-Aid mom, the Girl Scout mom
.
So I just lived in them withAyla and I'd sell it, move into
another one.
And I did that till she startedschool.
(21:19):
People were like, oh my gosh,you just moved from house to
house.
I was like, well, yeah, Ididn't.
I couldn't rehab over here andpay rent over here.
Like I was a broke single mom.
I was fired from Denny's Thinkabout that Denny's on third
shift and it took me andobviously I got the hang of it
and then I could like hiresomeone to help me and I could
do two houses at once.
But all of it I didn't evenknow about, like doing your
(21:42):
bookkeeping and doing your taxes.
I didn't understand paperworkand contracts.
And oh my God, I look back andI made so many mistakes that
luckily, like God is watchingover me and kept me going on my
path, but I made mistakes thatwould have put people out of
business.
You know it's like.
(22:03):
So now I'm such an advocate andI tell everyone, especially if I
have a guest like you, I'm likelisten, if you want to learn
how to do that, I can teach youabout real estate.
If you want to learn the moneyand the investing and what to do
and how to be your bestentrepreneur I'm not your girl
for that you need to go tosomebody else.
So I like to interview peoplethat don't do exactly what I do,
(22:24):
because I can teach them what Ido.
I can't teach them what you do.
Dr. Allen Lomax (22:29):
Well, I went through the same experiences of
renovating houses that.
I was living in.
I mean dust, dust everywhere.
Dwan Bent-Twyford (22:41):
It's a mess, isn't?
Dr. Allen Lomax (22:42):
it.
Oh, it's a horrible mess, butyeah, I did it.
Dwan Bent-Twyford (22:48):
I learned after the second house.
I thought, you know, becauseAyla was a baby and I thought,
okay, I'm going to when I getthe house.
I'm going to first, I'm goingto go in the master bed and bath
and completely fix it so I haveone room that's completely
clean and dust free and I canlight candles at night and
Ayla's going to sleep in theroom with me.
So I would redo the entiremaster, everything, carpet,
(23:12):
everything.
People are like, well, you'reputting carpet here but not
there.
I'm like, listen, I don't care.
I need one room where I canhave peace of mind and like lay
in bed and read with my daughterand watch TV.
So I do the one room and youopen that room and the whole
rest house is a tornado.
Yes, Like a tornado, and I'd putlike a towel under my door at
(23:32):
night so dust wouldn't like suckinto my one room of solace, and
I did that for five years andpeople like that, I'm like, hey,
I didn't know any other way.
I met some people that taughtme one thing, and that was
rehabbing, and I thought howhard can rehabbing be, which it
turns out is quite hard and Ihad to go to Home Depot, take
(23:53):
classes and learn and then laterI was like man, I don't want to
see anybody ever have to gothrough all that I did.
And I was like I just go likewholesaling, and then you learn
about subject to, then you learnabout being a landlord and,
like, you learn all these things.
I could help people and teachpeople and cut that learning
curve.
I'm telling you that learningcurve.
I'm telling you that learningcurve.
I think a lot of people wouldhave tapped out.
But I was just determined notto get a job because I thought,
(24:16):
you know, if I get a job now,I'm already 30.
I'll keep it till I'm 50.
And then I'll have the safety.
And then my daughter will growup and move out and then like so
if I just take this chance andit fails, I can still get a job.
If I get a job, I'll stay forthe security for my daughter.
So I was like, eh, I'm taking achance and I'm glad I did.
But my family was like are youcrazy?
(24:38):
You need to get a job, you needto get a man, you need a real
job, you need insurance.
And I was like so I had nosupport.
I'm like that's okay, because Imade it.
And then they all came to mehey, help me with my house.
How do I put things in the landdraws?
Help me, protect my house.
I'm like, oh, now, now you guyswant to talk to me and, of
(25:01):
course, I helped everybody, so,um.
So when people come into yoursystem, what are they doing?
I know you're giving themassignments or teaching them.
What kind of give us like a, anoverview, like what's happening
when someone comes to you?
Dr. Allen Lomax (25:17):
Well, first of all, we start off with helping
them to get a really firm gripand a clear picture of what
their core values are.
Okay, and then a clearunderstanding of how their core
values are, and then a clearunderstanding of how those core
values are supporting theirhighest vision.
(25:39):
And so that's the first step,and then, after that, we go
through the whole process of howit is that you actually can,
while engaged in the work ofyour calling, you can passively
invest in alternativeinvestments.
And so we just go through thatwhole process step by step, from
(26:02):
start to finish, so that withinsix sessions, we take them from
having no information to havinga complete understanding in
terms of how syndications work,how they're put together, who's
(26:23):
operating the syndications, whatare the different players
within the syndication team.
We go through the process thatsyndicators go through the
operators who are putting thesedeals together, what they go
through in terms of procurement,in terms of underwriting, in
terms of due diligence, in termsof putting their management
(26:46):
teams in place, and how theypull all of that together to
bring value to the properties sothat they can turn those
properties around and yield very, very good returns for our
investors.
And once they've gone throughthat process, then they're ready
(27:09):
to take their hard-earned moneyand put it into high-yield
investments.
Dwan Bent-Twyford (27:19):
You have people get into syndications.
Are those syndications realestate-based?
Dr. Allen Lomax (27:27):
A syndication can be real estate-based or it
could be business-based, so it'sgenerally formed around.
There's an LLC and the LLC isput together and then, once
they're then, they go out.
(27:47):
And this is what I do is Ibring in the passive investors,
the equity partners, who puttheir money into the project so
that the operators can do all ofthe work, all of the
acquisitions, the due diligence,the management.
Put the management teams inplace, put the construction
(28:12):
crews in place, put themaintenance crews in place, put
all of that in place so that thepassive investors can engage in
the work of their calling.
Whatever their passions are,whether they're physicians,
whether they're architects,engineers, psychologists,
psychiatrists people who havespent years getting into their
(28:37):
professions and who arepassionate about making a
difference through theirprofessions need a place to grow
their wealth that isn't takingall of their time, effort and
energy.
Like you and I went throughyeah no, I know.
Dwan Bent-Twyford (28:56):
I mean it's like a doctor.
They're not going to goknocking on doors in rehab.
They're going to be like, hey,here's some money.
What is the minimum for peopleto be in one of your
syndications?
Dr. Allen Lomax (29:07):
Most of the opportunities are $50,000
minimum.
Dwan Bent-Twyford (29:11):
And do they have to be accredited?
Dr. Allen Lomax (29:15):
Most often.
There are occasionallyopportunities for what they call
sophisticated investors yes,but most often they are for
accredited investors.
Dwan Bent-Twyford (29:27):
Yeah, I'm a big fan.
You know it's funny.
I started my podcast I don'tknow like five, six years ago
and I've been in real estate fordecades.
And when I started my podcast Idon't know like five, six years
ago and I've been in realestate for decades, and when I
started the podcast, I met a fewpeople that did syndication.
And the first time I heardabout it I remember thinking
like how do I not know what thisis?
Like I've done 2000 real estatedeals.
(29:48):
How do I not know what this is?
So some of the guests, like you,educated me on syndications.
It was like I didn't even knowthat that was a space that
existed and I think that's agood place for people that, like
you said, they're doing theirthing but they've got money and
they need to put it someplace soit makes money.
And there are like so manymillions of like boomers that
(30:13):
are just sitting on gobs ofmoney.
They have no idea what to dowith it.
They just, you know, threatenthe stock market or their 401k
or whatever they have.
It's like syndications are areally good way for people to
get a great return and just nothave to do anything.
Dr. Allen Lomax (30:28):
Absolutely yeah .
Dwan Bent-Twyford (30:30):
You know I mean.
So I don't know how old are you.
I'm going to ask you how oldyou are.
Dr. Allen Lomax (30:34):
I'm going to ask you how old you are.
I'm 74.
Dwan Bent-Twyford (30:36):
74.
Looking very fine, my man.
I turned 66 this year.
Dr. Allen Lomax (30:41):
Are you kidding ?
Dwan Bent-Twyford (30:42):
Yeah, and like our generation of boomers,
there are so many alreadyretired and they're just sitting
on just so much money and it'slike in like some CD getting 3%
interest, and they're terrifiedof Bitcoin and maybe they do the
stock market and it's like I'dinvest that money in something.
(31:03):
Invest it into something.
Don't just sit on all thatmoney, just sit on it.
It just loses value every day.
Dr. Allen Lomax (31:10):
Absolutely, and that's another thing.
I mean there's just a lot offear, because people are used to
getting three, four, sixpercent on their stocks and
bonds and their CDs and theythink that those are fantastic
(31:30):
returns.
Well, when you start talking tothem about doubling or even
tripling that, they go oh mygosh, that must be some kind of
Ponzi scheme.
Dwan Bent-Twyford (31:41):
It's got to be a scheme.
It's got to be a scheme.
That's not possible.
Dr. Allen Lomax (31:46):
And yet it's lawful, it's legal, it's ethical
.
If it weren't, I wouldn't beinvolved in it, and the wealthy
have been doing it forgenerations and generations.
Dwan Bent-Twyford (32:03):
Forever.
Yeah, that's how I always tellpeople listen.
If you come on my podcast andlisten to all the people and
listen to me, you will learnwhat wealthy people know, that a
regular average like I'm amanager of a grocery store
person you're not the.
They just wouldn't be exposed.
It's not even that they don'tknow, they're just.
It's the lack of exposure.
You know, like when I wasgrowing up it was pushed upon me
(32:27):
very hard Marry my boyfriend,go work at the factory, have
babies, work 40 years for theman and then retire.
And that was pushed.
And so at my first job out ofhigh school I worked in a
factory and I remember I wasn'teven there two days.
Now I'm 18.
I've never been in an actualfactory.
I'm like, so hot, there's no airconditioning, everything is
(32:49):
dirty.
I'm like, oh my God, I'm filthy, dirty every day.
And I remember going to my dadone day and I was crying.
I'm like, oh my God, I'm filthy, dirty every day.
And I remember going to my dadone day and I was crying.
I was like, why would you wantthis for me?
This is the worst thing that'sever happened.
And I was.
I did, oh, screening, like youhad the t-shirts with the logos
a silk screening which is messy.
(33:10):
And he's like well, you know,you gotta get a good job, you
gotta work for me and you put intime, then you can retire early
.
But I was like but why wouldyou want that?
Like?
Why would anybody want that fortheir child?
Like on purpose?
So I was like you know what?
But I wasn't gonna quit becauseyou know midwest work ethic,
you can't quit your job.
And they laid people off.
One day they're walking through, this guy has all these little
pink slips and like the wholeplace freezes.
(33:33):
And I'm like what's happening?
Because this is my first job, Idon't know.
And they're like, oh, they'regiving out pink slips.
I'm like what does that mean?
Because I mean they're going tolay people off.
And I'm like what does thatmean?
They're like they're layingthem off and you won't have a
job.
And I'm was like, oh, thegreatest day of my life.
(33:54):
And I remember leaving.
And a couple of the women Iworked with were like in their
40s and they were crying andthey were so upset and I was
like why would you be upset?
This is like working in hell.
And as I got older and then Ihad a child and then I was a
single mom.
I looked back and I thought, oh, I understand, that was their
job, that was their insurance.
(34:15):
Like I was just like, thank God, I'm out of here, I'm never
doing this again.
And that was like their whole,that was their reality.
And I didn't even understand ituntil after I had a kid and I
thought, gosh, all the things Isaid to some of those women like
you should be happy you're outof here.
You should be happy you're outof here.
This place is terrible.
Why would you want to do that?
This is awful.
Break free, run away, doanything.
(34:35):
And and it's like, it's your,like I didn't even know what a
pink slip was.
I like this, like you.
Just people aren't exposed tostuff, you know.
So I was like, okay, I'm movingout of Ohio and I'm going to go
live in Florida because I wantwarm weather and I don't want to
be pushed into another factoryjob, because I'm never doing
that again.
And you know, I found my ownway.
So it is really a lack ofexposure for 99% of the people.
(35:00):
They just work, get their job,get their 401k, get their
retirement and their SocialSecurity, and that's okay.
But there's just such a worldout there that people just don't
know about.
Dr. Allen Lomax (35:12):
Yeah, you're absolutely right.
I mean it's uh, you know we,just we, we're all born into a
culture and into a society andit frames us from the day that
we enter this world and you knowit just, uh, in in my situation
, it took that dark night of thesoul.
(35:38):
It was the worst day of my life, which I look back on now as
the best day of my life.
Dwan Bent-Twyford (35:46):
Will you share it with us, or is it too
personal?
Dr. Allen Lomax (35:51):
I don't mind sharing it.
But anyway, I was 38 years oldand up to that point in time in
my life I was doing just exactlywhat you were describing.
I was just one.
I was just the mostne'er-do-well person you could
imagine, going from dead-end jobto dead-end job, from dead end
(36:11):
job to dead end job and havingno direction and no passion
leading me in my life and Ithought that was life.
And then my wife ended themarriage and I just thought that
(36:32):
was the end of my life and myexistence.
Well, I went into counseling andfor the first time in my life I
really started an inwardjourney and started looking
inside and started reallyresolving a whole lot of
unresolved issues and found apassion, found that in fact, I
(36:58):
do have innate skills andabilities and I found that
really through counseling I havethe ability to instantly
empathize and to instantlyconnect with people with
unconditional positive regard.
So I went back to school, gotmy master's, eventually my PhD,
(37:21):
and it was that moment that ledme to my passion, and my passion
led me to a career that I loved.
And's not that I wish that onpeople.
It certainly is not something Ilook back on and go.
(37:54):
That was a wonderful experience.
Dwan Bent-Twyford (37:59):
But you know what?
My husband left when I had aneight-month-old child and just
took off All the money, the car,everything, and I was like same
thing, this is the worst thingthat's ever happened to me.
But then I thought you knowwhat?
I got a daughter.
So I in the end I win and I'mjust going to make something
happen.
So I don't think I ever wouldhave jumped over to this if I
(38:21):
hadn't just been left with nojob options.
I lost my house in foreclosure,my car got repossessed, my
credit card.
It was a disaster and I waslike how do you come back from
that?
But then look at us both nowrockin' life.
Dr. Allen Lomax (38:48):
And you know, I mean it's just, you know, if it
hadn't been for that experience, I would still be in that
near-do-well experience here at74 years old.
So I'm so grateful for it.
Dwan Bent-Twyford (38:57):
Yeah, that's how I feel too.
I'm just like thank you, man.
All right, so let's jump topicsfor a minute.
I always like to get to knowpeople and that story, Thank you
Honestly.
Thank you for sharing that.
I know it's really hard for alot of people to share the
moment.
I call it personally, I call itmy come to Jesus moment where
it's like, okay, my entire lifejust fell apart one hour ago and
(39:19):
now I got to pick back up andit's hard because you're scared,
you don't know what to do.
Is this going to work?
Can I try to bring that back?
And then you're like at somepoint you're like you know what,
screw it, I'm just going to godo something else which it
sounds like we both did and, youknow, ended up in a great
position.
So I really do appreciate yousharing that.
(39:39):
I know it's not always easy forpeople to share their stories,
but I share mine all the time.
I'm like Listen, I got a baby.
I was fired from Denny's on thethird shift.
I mean, if I can do this, I'mtelling you, anyone on the face
of the earth can do this.
There was nothing special aboutme, I just had a really high
desire to not go work forsomebody else.
So let's sidetrack.
Tell me what is your favoriteband of all time.
Dr. Allen Lomax (40:03):
My favorite band?
Well, it would be well.
You've probably heard of this,but probably most people in the
audience have not.
It's the Carpenters.
Dwan Bent-Twyford (40:13):
The Carpenters.
Everyone's heard of theCarpenters.
Dr. Allen Lomax (40:17):
Well, I'm not sure.
Dwan Bent-Twyford (40:20):
Oh, Karen Carpenter and Richard.
Oh man, I love the Carpenters.
I don't know anyone alive thatdoesn't love the Carpenters.
Dr. Allen Lomax (40:28):
She had a voice like silk, didn't she the?
Dwan Bent-Twyford (40:32):
best voice.
I've watched all the shows onher, I've watched all the
biographies, I've watchedeverything.
And so we have grandkids thatare 10, 9, 5, and 3.
So Bill and I are turning themon to music and I said, listen,
we can really only teach themusic from the 60s and the 70s,
but after that there's so muchcursing.
So we, they have, they love thecarpenters, they, they know the
(40:55):
carpenters, they know like thebeatles, um, they know just
queen, a lot of really fun music.
And I'm, and my daughter-in-lawis like, can you like have them
listen to country?
I'm like girl, I girl, I don'tlike country, I'm not listening
to country.
I'm going to teach them mymusic.
But I said, after the 80sthere's so much cursing, I just
don't want them to be singingalong and cursing.
(41:17):
So they love the Carpenters andwe just bought them some
Beatles CDs Like, oh man, welove the Beatles.
I'm like beautiful voices,beautiful voices, the carpenters
are great Good for you.
What's your favorite food?
Dr. Allen Lomax (41:30):
Thai Thai Thai curry.
Thai curry is my favorite.
Dwan Bent-Twyford (41:36):
I love Thai food too.
My husband's not a huge Thaifan, so we'll go someplace where
we have a restaurant.
We live in a really tinymountain, we're at 9,000 feet,
we're really away fromeverything.
But we do have a restaurant andthe menu is like half chinese
and half thai.
He gets off the the thing andbut the thai food is here, great
.
I'm like, oh, we live in themountains and we have thai food,
(41:58):
and we just get a brand newrestaurant indian food.
I'm like, oh my god, 20 yearsin the mountains and they
finally opened up somerestaurants where do you live?
uh, it's called Bailey Colorado.
Dr. Allen Lomax (42:08):
Bailey.
Dwan Bent-Twyford (42:09):
Outside Denver but like if you're at the
Denver airport and you seethose mountains way in the
background.
We're all the way in thosemountains.
Dr. Allen Lomax (42:15):
We're 9,000 feet.
Yeah, I grew up in Durango, soI was the other side of those
mountains.
Dwan Bent-Twyford (42:22):
Durango is great.
I love Durango, that's one ofthe places we go sometimes and
just hang out for a few days andgo shopping and go to all the
boutiques and I buy, like allthese really fun, cool jackets,
because there's stuff that don'thave it anyplace else.
I love Durango.
Dr. Allen Lomax (42:36):
That's a great place.
Dwan Bent-Twyford (42:36):
I didn't know that.
Where do you live now?
Where are you at now?
Dr. Allen Lomax (42:39):
I'm in North Carolina now in Appalachia.
Dwan Bent-Twyford (42:43):
I like North Carolina, I like North Carolina,
I like North Carolina.
My sister lives there too, soyeah, durango is a great city.
What's your favorite time ofday?
Like just throughout.
Dr. Allen Lomax (42:58):
Where's your happy spot?
Where you're like this, is it,I guess, around eight o'clock in
the evening?
That's when everything is putaway.
Whether I'm finished with it ornot, it goes away and I just
get real quiet or not, it goesaway and I just get real quiet.
Dwan Bent-Twyford (43:13):
You know it's funny.
I ask well, I don't always ask.
I started just asking thesequestions, just like in the last
year or so, and all thesepeople are like, oh, I love the
morning, I'm up at 4 am, I'mworking out.
I'm just like, well, like, why,like seriously, why would you
be up at 4 am working out?
What is wrong with you?
I am like you End of the daywinding down, hanging out with
my husband it's like this is byfar the best part of every day.
Dr. Allen Lomax (43:33):
Yeah, I mean, I'm up at 4.30 every morning,
but it's not my favorite time ofthe day.
It's just the time to get upand get going.
It is what's good about that.
Dwan Bent-Twyford (43:46):
I'm an end of the day person too.
I really look forward to theend of the day because Bill and
I are going to finish our workand we're going to hang out for
a while.
It's like this is great, Allright.
So now how can my Dwan-derfulfamily help you reach whatever
your next big goal is?
Dr. Allen Lomax (44:04):
Well, you're helping me now by inviting me to
your podcast, and you can helpby, of course, sharing your
podcast with your audience.
That would just be wonderful.
Dwan Bent-Twyford (44:17):
Maybe all one million of my listeners will
hear this?
Dr. Allen Lomax (44:22):
That would be wonderful, yeah.
Dwan Bent-Twyford (44:23):
I'm just all about.
You know.
I figure I want to help as manypeople as I can in my life with
their money, their finances,their health, their spirituality
, like all the things, becausethere's many things that make us
who we are.
I'm like, if I can help anybodyin any of those paths, I always
want to be able to do that.
So everyone is interested ingetting better about your money
and learning and somesyndication.
(44:45):
This is your guy right here,All right, last question I want
you to leave us with a word ofwisdom, but only one single word
.
Dr. Allen Lomax (44:55):
One single word Compassion.
Dwan Bent-Twyford (45:00):
Okay, so compassion.
So what we do at Dwonderful isI tell everyone, when they hear
me interview a new guest, takethe word, put it on a sticky and
put it on the mirror and thencompassion is our word of the
week.
So we just, we see it withcompassion, compassion,
compassion.
So what does that word mean toyou?
Dr. Allen Lomax (45:25):
It just means that that's how the world should
operate.
We should all have greatcompassion for ourselves and
other humans and every being onthe planet.
Dwan Bent-Twyford (45:44):
Amen.
I cannot agree with you more.
I always like to ask what itmeans to you, because compassion
can mean different things todifferent people.
So we want to focus on yourversion of compassion for the
week, and I agree, there is justnot enough kindness and
compassion left in the worldanymore.
I'm telling you, people havejust lost their minds.
(46:06):
It's like I look at the world, Iget the news.
I'm like how is I wonder?
I always think, like mygrandkids, when they get to be
40 and they look back on thisexact time period with all the
just you know, all the stuff islike what are they going to look
back and think Like we were abunch of crazy people?
Were they going to?
That was a good time in society?
And I'm thinking, I feel likethis, this particular point with
(46:28):
, like, the boys and the women'ssports, and not to get pulled
over, all that stuff.
I'm like I'm hoping people lookback and go what the hell was
wrong with everybody?
Like it says, the world's gonecrazy.
I've got these little grandkids.
I'm like I just want to keepliving in the mountains for life
and this little hole right heremaybe can protect you from the
big bad wolf that's outsideright now.
(46:50):
So, all right, alan, I want tothank you.
Dr Alan, I'm so sorry.
I want to thank you so much forbeing on my podcast today.
You guys, if you're listening,go to dwonderfulcom and take my
real estate investing quiz.
I think you'll find it to bequite interesting.
And don't forget to subscribe,give a five-star review, write a
(47:13):
message about how amazing itwas and share with your friends.
I can't grow to two millionwithout you.
So thank you guys for listening.
Dr AllenI appreciate you somuch being on here, and everyone
.
We'll be back next week, samebat time, same bat channel.
And remember that the'll beback next week, same bat time,
same bat channel.
And remember that the truth isin the red letters.
Goodbye everybody.
Hey everyone, welcome to the most Dwanderful
real estate podcast ever.
I am your host, Dwan Bent-Twyford.
I'm America's most sought afterreal estate investor.
I'm going to share some reallygreat news with you.
We just reached 1 milliondownloads.
1 million downloads and that isthanks to all of you.
I cannot tell you how excited Iwas when I got the notification
(00:26):
from Buzzsprout and the littleofficial 1 million downloads.
So thank you and keep listeningand keep coming back.
If you're new to me, my mottoat Dwan it's Dwan-der-ful, so my
first name is Dwan.
I took wonderful and made a newword, so this is the
Dwan-derful Universe, and ourmotto is people before prophets.
(00:48):
So I have a great guest todayand let me tell you something.
His name is Dr Alan Lomax.
We have had a time getting onhere today.
So, Dr Alan, welcome to my show.
Dr. Allen Lomax (01:03):
Well delighted to be here, Dwan, and
congratulations on 1 milliondownloads 1 million.
Dwan Bent-Twyford (01:10):
I don't even keep track of anything.
I got a little notificationfrom a bus driver with all these
balloons and this thing.
I was like a million.
So immediately I Google like isa million downloads high or
good, because I don't reallyknow, and it's like, oh, you're
in like the top, like 5%, likeworldwide, and I'm like, oh no.
(01:33):
So then I was just like this isthe coolest thing.
This is the coolest thing.
So how are you today?
And thank you for all of that.
I'm telling you, folks, we'vebeen trying for like three times
to get in this room together.
Dr. Allen Lomax (01:48):
It was quite the time I'm doing well, Dwan,
and I'm glad to be with youtoday.
Dwan Bent-Twyford (01:54):
I am too.
I'm glad you're here.
So we are just veryconversational.
We like to have fun.
This podcast would be like ifyou and I were sitting at a
table having lunch and we nevermet before.
We would just be talking aboutand getting to know each other.
So I am a big fan of the casual, so I like to just kind of
(02:15):
throw my guests into the wolvesa little bit and just have you
tell us just who you are andwhat you do, just like in two
sentences.
And then I'm going to ask you abunch of fun questions to find
out how you became to be mysuper cool guy.
You're my wicked smart guy onmy podcast today.
Dr. Allen Lomax (02:35):
Well, thank you for that.
And well, I am Dr Alan Lomax.
I have been Lomax, I have beeninvesting for way too many years
over three decades and I havebeen in higher education as a
professor and an administrator,working in organizational change
(02:59):
and working with individualsthat whole entire time to
develop themselves as people andpersons and to find their
passion to go for it.
So that's me Okay nice.
Dwan Bent-Twyford (03:16):
So doctor of what?
Dr. Allen Lomax (03:18):
Doctor of organizational system psychology
, oh.
Dwan Bent-Twyford (03:21):
I know you know I love psychology,
organizational system psychologyoh, I know you know I love
psychology.
I told my husband when I wasnow.
I graduated high school in 77.
And I lived in Ohio in a verysmall town and women were
encouraged to work at thefactory to get married and have
kids.
It was not like you should goto college and I always thought
(03:46):
if I ever went to college Iwould totally be into like
psychology or psychiatry and belike a forensic psychologist and
working with serial killers andtrying to figure out people.
So I love what you do, becausethat's one of the things that I
wish I would have done, but nowI'm like, nah, I'm so far into
real estate.
I love what I'm doing now.
So let's talk about, first ofall, how does everyone find you
on social media?
Dr. Allen Lomax (04:06):
I'm on LinkedIn it's probably the best place to
do that just at Alan Lomax andAlan is A-L-L-E-N and just Alan
Lomax, and you can find me onLinkedIn.
You can find me at our website,at steedtalkercom.
That's steed as in the horseand talker like I'm doing now.
(04:27):
That's one word steedtalkercom.
Dwan Bent-Twyford (04:32):
So I was thinking.
When I saw your email, Ithought steed talker, what does?
Dr. Allen Lomax (04:42):
that mean.
Because I hear the word steed Ithink of a horse.
Is that right, Aren't theycalled?
Dwan Bent-Twyford (04:44):
Steed, that's a horse.
Yes, okay, so I like.
So how did we come up withSteed Talker?
Dr. Allen Lomax (04:50):
Well, that's a very good question, so I'll tell
you a story.
Okay, you like stories.
Okay, I like stories.
I love stories.
Well, there was this horse thatcame into my life and he was
(05:11):
about a 10-year-old horse and hewas a traumatized horse, to say
the least, and we were havingsignificant issues with him.
You just even just began toapproach him with a bridle and
(05:35):
he became hysterical.
He just yanked his head up,became a really dangerous horse,
and so I just approached himand entered into a present
moment, quiet meditation, and Ijust stood with him for 20, 25
(06:02):
minutes in just this silentmeditation, and during that time
, of course, that peacefulnessis contagious and so he began to
drop his head and relaxthroughout his whole entire body
and with him in that relaxedposition I just slipped the
(06:24):
bridle right on him by the way,I don't use bits, it's a bitless
bridle and he just acceptedthat.
I mean, there was no training,no coercion, and he just
accepted that became a totallydifferent horse and over the
course of time that I have beenwith him he's gone from being
(06:48):
what was really a very dangeroushorse to being one of the most
congenial and most willinghorses that I've ever had in my
life.
So that's just one experience.
I've had many other experienceswith horses, with dogs and cats
as well.
(07:08):
But incidentally, his name wasDoc, which is a healer, the
shaman, the healer, and that'swhat he has been to me as well.
(07:29):
I mean, as he's healed himselffrom the trauma that he had
experienced, he's also been ahealing agent to me.
Dwan Bent-Twyford (07:39):
Wow, I love that story.
That's like you know.
I don't think a lot of peoplerealize that animals 100% pick
up your energy, and so I don'tknow if you've ever watched
Cesar Millan the Dog Whisperer.
Dr. Allen Lomax (07:57):
I have not.
I've heard of him.
Dwan Bent-Twyford (07:59):
So his whole thing is because I've owned, my
husband and I are currentlydogless but since we've been
married the last 23, 23 yearswe've probably had eight dogs.
And after I read his and histhing is like, if you're going
to go into like a kennel ofpuppies, you just sit there and
you see which one comes to you,because one will be attracted to
(08:20):
your energy and the others willwant nothing to do with you.
And I was like, oh, so youdon't just go, I'll take that
one.
And we started doing that, likewith my last and I've had like
four, but we get the bignewfoundlands so they only live
like 10 years.
But my last four dogs I just satin the kennel and at one kennel
we went to the dogs all smelledme and they all walked away.
(08:41):
Not a single dog wantedanything to do with me and I was
like, okay, I'm not offended,we're going to go someplace else
, I don't have the energy forwhatever.
And then we went to the nextplace to get a new fee and it
was like 12, 18 puppies in thatroom All climbed and they all
just walk away.
And then one comes over andjust lays on me and puts his
(09:03):
head on me and fell asleep.
I was like, oh, this is my dog,and so unfortunately he passed
already.
His name was Bo, but that I'mtelling you that was like my
soulmate dog and it's like withthe horse.
You were just so calm and yougot the horse calm.
Dr. Allen Lomax (09:23):
And the next thing you know, you're healing
each other, absolutely.
Yeah, it's a two-way street,always is.
Dwan Bent-Twyford (09:27):
Yeah, I'm a really big believer.
I know people all the time Like, oh, I'm going to just go get a
dog from the kennel.
It's like, just please, justeven just sit and make sure the
dog even likes you.
And you know people are like,how are these uncontrollable
animals?
It's like, but you weren't theperson, you weren't the energy,
you weren't what the dog needed.
So it's got to be choice.
So I love that story.
I love that story and so nowlet's talk about so you help
(09:51):
people become the best they canbe.
Dr. Allen Lomax (09:56):
That's what I strive to do.
Yes, while I'm working, whileI'm working on myself, I'm not
there yet.
Dwan Bent-Twyford (10:02):
Yeah, none of us are there.
Yeah, I'll never be.
I don't know.
We're always moving andchanging, so someone comes to
you.
What kind of a person wouldcome to you and say, hey, I need
help with?
Are you like counseling aperson?
Are you working with people inreal estate?
Are you just, in general,helping people be better
(10:24):
versions?
Dr. Allen Lomax (10:34):
And how would a person, or what kind of person,
would come to you?
Well, that's a wonderfulquestion.
I strive to empowerprofessionals and entrepreneurs
to engage passionately in thework of their calling while at
(10:55):
the same time developing theirfinancial wealth, and so the
(11:34):
kind of person who would come tome is a person who is
passionate about what they'redoing wealth in the best way
possible to what I call to bringpositive impact to the world.
In fact, impact is an acronymfor my core values, which is
integrity meaning.
Integrity meaning productivityI'm forgetting what all of these
are here.
Integrity meaning prosperity,I'm sorry and altruism,
(12:09):
consciousness and transformation, and so the people that come to
me are looking way beyond theirwealth development, to looking
to see how they can live theirbest life and how financial
well-being can further enhancetheir impact on this world.
Dwan Bent-Twyford (12:32):
Don't you find that many, many, many, many
, many people are completely andtotally financially illiterate?
Dr. Allen Lomax (12:41):
Unfortunately, that is the case, and it's not
just people who are on the lowerrim of financial well-being.
It's very well-off people whoare making huge incomes and
(13:05):
they're spending all of it andnot enhancing their wealth.
And even those who are savingand investing 95% of them are
going to have all of theircapital assets in stocks and
bonds, and I mean they've beentaught that that's the secure
(13:31):
and safe way to go.
But there's two problems withthat.
First of all, that's not theway to find the highest returns
on your investment and, secondly, the stock market is in
continual volatility and it'sokay, I guess, for some of your
(13:58):
assets.
But when that's the only placeyou have your assets, you're
setting yourself up for a lot ofturmoil and disappointment and
you're shorting yourself on thereturns.
And, like I said, I mean 95% ofpeople who have capital to
(14:18):
invest are putting their moneyin those public markets.
Well, that barrier to crossover to private equities and to
other alternative investments inreal estate and what have you?
Well, there's a big barrierthere.
First of all, you have to knowabout the fact that there's
other alternatives there whichyour financial advisor, by and
(14:42):
large, is not going to tell you.
That, because most financialadvisors are just salesmen and
they want you in stocks andbonds?
Dwan Bent-Twyford (14:50):
They don't know.
Dr. Allen Lomax (14:52):
They don't know .
They don't want to know and theydon't want to know because
their money is coming from thosecommissions, from those stock
sales, stock sales.
And then, even if you know thatthere's other alternatives
there, then there is.
You don't have to know a lot,but there are things you have to
(15:18):
know if you're going to putyour money in these alternative
investments, and thatinformation is just not readily.
I mean, it's out there.
If you know where to look forit and find it, it's out there.
And then the other thing isthat, even once you have all of
this information, finding theopportunities, these private
(15:40):
opportunities, is another hurdlethat you have to overcome.
So there's the educational,there's just the knowing about
it, and then there's findingthose private placements.
So there's really threebarriers to crossing over that.
The wealthy are doing it, thoughI mean Wealthy are doing it,
(16:02):
though I mean that's where mostof the people who have money are
putting their money in privateopportunities.
Tiger 21 is an organization ofit's a peer organization of high
net worth individuals.
I don't know what the floor ison that.
(16:23):
I think you have to have $5million in assets to be in this
particular network, but theypublish where their members are
investing and they have 65% ormore in alternative private
placements and only about 18% inpublic markets.
(16:44):
So if you want to be wealthy,you want to develop your wealth.
Study what the wealthy aredoing.
Dwan Bent-Twyford (16:52):
Exactly.
So what would you tell peopleto do?
If you meet someone like, hey,I want to start investing, do
you help people place money ordo you help steer them to the
things that you believe willwork for them, and can you give
anything specific?
Dr. Allen Lomax (17:10):
Well, I mean absolutely.
I mean I don't want to come onyour show and just have a sales
pitch here.
But yes, since you asked, yes,we do have.
We have a coaching program andthe coaching program goes beyond
that because it's a lifetimecoaching program and we also
(17:31):
have a wide network of over 700operators who provide private
placements.
So we have the coaching, theeducation and we have the
private placement opportunitiesthere.
So, yeah, they can come to us.
(17:52):
I mean, we're certainly not theonly resources out there, but
we do provide that.
Dwan Bent-Twyford (17:59):
Well, no, it's not a sales pitch, because
you know, I have been realestate investing for almost 35
years.
I've been teaching for 30 years.
I teach people all the time.
But I learned from the seat ofmy pants, Like when I started, I
was going through a divorce, mydaughter was eight months old
and I was like, oh, do I get ajob?
(18:20):
What do I do?
How do I work from home?
And I met some people like, ohyeah, we're investors, you buy
houses because it might beselling like you know.
I'm like, oh, how hard couldthat be?
Totally not as easy as itsounded.
But you know, I did it.
And then, not long after, I waslike gosh, I could teach other
people how to do this because Iwas dealing specifically excuse
(18:41):
me in the foreclosure market andI was seeing that there's
thousands of people inforeclosure and this is in.
I was started off in Palm BeachCounty, florida, and there's
thousands of people inforeclosure and there's like 10
investors.
So I was always like, hey,listen, if I do 100 and you do
100 and you do 100 and you do100, we can help all the people.
(19:02):
And I tell people all the timeto this day like listen, don't
try to figure it out foryourself.
My learning curve was long.
I mean I learned how to rehabhouses with no skills.
I went to Home Depot, I tookclasses, I learned how to lay
tile and put in kitchens and putin toilets, and I probably
(19:23):
didn't really know what I wasdoing with all the various
aspects of real estate for sevenor eight or nine years, whereas
there would have been a personat that time which there wasn't
in the 90s that could say, hey,let me teach you this and I'll
cut off all these years oflearning curve.
I would have done it in aheartbeat.
So I always tell people if youcan find someone that can help
(19:45):
you with what you're looking for, you need to cut your learning
curve because you learn frommentors or mistakes and in the
long run mentors are cheaper.
No matter what they charge,they're still cheaper.
And you know one big giantmistake, in real estate
especially, and you can be outof business and lose all your
money.
You put into it and you're done.
Dr. Allen Lomax (20:09):
And I couldn't agree more the most expensive
school is that school of hardknocks, and actually learning
that that's the most expensiveschool is one of the most
expensive lessons I think mostof us learn, because I had to go
through the same path that youdid single family and did rehabs
(20:31):
and uh and fix for rentals anddid some fix and flip and uh and
.
Well, I learned a lot and youknow, what I finally learned
after many years of doing this,is that that a, an experienced
craftsman, is going to do thejob a hundred times better than
(20:54):
I will ever do as an amateur.
Dwan Bent-Twyford (20:57):
Yep, no, it's true.
It's true.
I mean, I started off rehabbingso I would actually live in
this rehab with my daughter,because I was like I'm not
putting her in daycare, I'mraising that kid by myself, I
want to be, you know, theKool-Aid mom, the Girl Scout mom
.
So I just lived in them withAyla and I'd sell it, move into
another one.
And I did that till she startedschool.
(21:19):
People were like, oh my gosh,you just moved from house to
house.
I was like, well, yeah, Ididn't.
I couldn't rehab over here andpay rent over here.
Like I was a broke single mom.
I was fired from Denny's Thinkabout that Denny's on third
shift and it took me andobviously I got the hang of it
and then I could like hiresomeone to help me and I could
do two houses at once.
But all of it I didn't evenknow about, like doing your
(21:42):
bookkeeping and doing your taxes.
I didn't understand paperworkand contracts.
And oh my God, I look back andI made so many mistakes that
luckily, like God is watchingover me and kept me going on my
path, but I made mistakes thatwould have put people out of
business.
You know it's like.
(22:03):
So now I'm such an advocate andI tell everyone, especially if I
have a guest like you, I'm likelisten, if you want to learn
how to do that, I can teach youabout real estate.
If you want to learn the moneyand the investing and what to do
and how to be your bestentrepreneur I'm not your girl
for that you need to go tosomebody else.
So I like to interview peoplethat don't do exactly what I do,
(22:24):
because I can teach them what Ido.
I can't teach them what you do.
Dr. Allen Lomax (22:29):
Well, I went through the same experiences of
renovating houses that.
I was living in.
I mean dust, dust everywhere.
Dwan Bent-Twyford (22:41):
It's a mess, isn't?
Dr. Allen Lomax (22:42):
it.
Oh, it's a horrible mess, butyeah, I did it.
Dwan Bent-Twyford (22:48):
I learned after the second house.
I thought, you know, becauseAyla was a baby and I thought,
okay, I'm going to when I getthe house.
I'm going to first, I'm goingto go in the master bed and bath
and completely fix it so I haveone room that's completely
clean and dust free and I canlight candles at night and
Ayla's going to sleep in theroom with me.
So I would redo the entiremaster, everything, carpet,
(23:12):
everything.
People are like, well, you'reputting carpet here but not
there.
I'm like, listen, I don't care.
I need one room where I canhave peace of mind and like lay
in bed and read with my daughterand watch TV.
So I do the one room and youopen that room and the whole
rest house is a tornado.
Yes, Like a tornado, and I'd putlike a towel under my door at
(23:32):
night so dust wouldn't like suckinto my one room of solace, and
I did that for five years andpeople like that, I'm like, hey,
I didn't know any other way.
I met some people that taughtme one thing, and that was
rehabbing, and I thought howhard can rehabbing be, which it
turns out is quite hard and Ihad to go to Home Depot, take
(23:53):
classes and learn and then laterI was like man, I don't want to
see anybody ever have to gothrough all that I did.
And I was like I just go likewholesaling, and then you learn
about subject to, then you learnabout being a landlord and,
like, you learn all these things.
I could help people and teachpeople and cut that learning
curve.
I'm telling you that learningcurve.
I'm telling you that learningcurve.
I think a lot of people wouldhave tapped out.
But I was just determined notto get a job because I thought,
(24:16):
you know, if I get a job now,I'm already 30.
I'll keep it till I'm 50.
And then I'll have the safety.
And then my daughter will growup and move out and then like so
if I just take this chance andit fails, I can still get a job.
If I get a job, I'll stay forthe security for my daughter.
So I was like, eh, I'm taking achance and I'm glad I did.
But my family was like are youcrazy?
(24:38):
You need to get a job, you needto get a man, you need a real
job, you need insurance.
And I was like so I had nosupport.
I'm like that's okay, because Imade it.
And then they all came to mehey, help me with my house.
How do I put things in the landdraws?
Help me, protect my house.
I'm like, oh, now, now you guyswant to talk to me and, of
(25:01):
course, I helped everybody, so,um.
So when people come into yoursystem, what are they doing?
I know you're giving themassignments or teaching them.
What kind of give us like a, anoverview, like what's happening
when someone comes to you?
Dr. Allen Lomax (25:17):
Well, first of all, we start off with helping
them to get a really firm gripand a clear picture of what
their core values are.
Okay, and then a clearunderstanding of how their core
values are, and then a clearunderstanding of how those core
values are supporting theirhighest vision.
(25:39):
And so that's the first step,and then, after that, we go
through the whole process of howit is that you actually can,
while engaged in the work ofyour calling, you can passively
invest in alternativeinvestments.
And so we just go through thatwhole process step by step, from
(26:02):
start to finish, so that withinsix sessions, we take them from
having no information to havinga complete understanding in
terms of how syndications work,how they're put together, who's
(26:23):
operating the syndications, whatare the different players
within the syndication team.
We go through the process thatsyndicators go through the
operators who are putting thesedeals together, what they go
through in terms of procurement,in terms of underwriting, in
terms of due diligence, in termsof putting their management
(26:46):
teams in place, and how theypull all of that together to
bring value to the properties sothat they can turn those
properties around and yield very, very good returns for our
investors.
And once they've gone throughthat process, then they're ready
(27:09):
to take their hard-earned moneyand put it into high-yield
investments.
Dwan Bent-Twyford (27:19):
You have people get into syndications.
Are those syndications realestate-based?
Dr. Allen Lomax (27:27):
A syndication can be real estate-based or it
could be business-based, so it'sgenerally formed around.
There's an LLC and the LLC isput together and then, once
they're then, they go out.
(27:47):
And this is what I do is Ibring in the passive investors,
the equity partners, who puttheir money into the project so
that the operators can do all ofthe work, all of the
acquisitions, the due diligence,the management.
Put the management teams inplace, put the construction
(28:12):
crews in place, put themaintenance crews in place, put
all of that in place so that thepassive investors can engage in
the work of their calling.
Whatever their passions are,whether they're physicians,
whether they're architects,engineers, psychologists,
psychiatrists people who havespent years getting into their
(28:37):
professions and who arepassionate about making a
difference through theirprofessions need a place to grow
their wealth that isn't takingall of their time, effort and
energy.
Like you and I went throughyeah no, I know.
Dwan Bent-Twyford (28:56):
I mean it's like a doctor.
They're not going to goknocking on doors in rehab.
They're going to be like, hey,here's some money.
What is the minimum for peopleto be in one of your
syndications?
Dr. Allen Lomax (29:07):
Most of the opportunities are $50,000
minimum.
Dwan Bent-Twyford (29:11):
And do they have to be accredited?
Dr. Allen Lomax (29:15):
Most often.
There are occasionallyopportunities for what they call
sophisticated investors yes,but most often they are for
accredited investors.
Dwan Bent-Twyford (29:27):
Yeah, I'm a big fan.
You know it's funny.
I started my podcast I don'tknow like five, six years ago
and I've been in real estate fordecades.
And when I started my podcast Idon't know like five, six years
ago and I've been in realestate for decades, and when I
started the podcast, I met a fewpeople that did syndication.
And the first time I heardabout it I remember thinking
like how do I not know what thisis?
Like I've done 2000 real estatedeals.
(29:48):
How do I not know what this is?
So some of the guests, like you,educated me on syndications.
It was like I didn't even knowthat that was a space that
existed and I think that's agood place for people that, like
you said, they're doing theirthing but they've got money and
they need to put it someplace soit makes money.
And there are like so manymillions of like boomers that
(30:13):
are just sitting on gobs ofmoney.
They have no idea what to dowith it.
They just, you know, threatenthe stock market or their 401k
or whatever they have.
It's like syndications are areally good way for people to
get a great return and just nothave to do anything.
Dr. Allen Lomax (30:28):
Absolutely yeah .
Dwan Bent-Twyford (30:30):
You know I mean.
So I don't know how old are you.
I'm going to ask you how oldyou are.
Dr. Allen Lomax (30:34):
I'm going to ask you how old you are.
I'm 74.
Dwan Bent-Twyford (30:36):
74.
Looking very fine, my man.
I turned 66 this year.
Dr. Allen Lomax (30:41):
Are you kidding ?
Dwan Bent-Twyford (30:42):
Yeah, and like our generation of boomers,
there are so many alreadyretired and they're just sitting
on just so much money and it'slike in like some CD getting 3%
interest, and they're terrifiedof Bitcoin and maybe they do the
stock market and it's like I'dinvest that money in something.
(31:03):
Invest it into something.
Don't just sit on all thatmoney, just sit on it.
It just loses value every day.
Dr. Allen Lomax (31:10):
Absolutely, and that's another thing.
I mean there's just a lot offear, because people are used to
getting three, four, sixpercent on their stocks and
bonds and their CDs and theythink that those are fantastic
(31:30):
returns.
Well, when you start talking tothem about doubling or even
tripling that, they go oh mygosh, that must be some kind of
Ponzi scheme.
Dwan Bent-Twyford (31:41):
It's got to be a scheme.
It's got to be a scheme.
That's not possible.
Dr. Allen Lomax (31:46):
And yet it's lawful, it's legal, it's ethical
.
If it weren't, I wouldn't beinvolved in it, and the wealthy
have been doing it forgenerations and generations.
Dwan Bent-Twyford (32:03):
Forever.
Yeah, that's how I always tellpeople listen.
If you come on my podcast andlisten to all the people and
listen to me, you will learnwhat wealthy people know, that a
regular average like I'm amanager of a grocery store
person you're not the.
They just wouldn't be exposed.
It's not even that they don'tknow, they're just.
It's the lack of exposure.
You know, like when I wasgrowing up it was pushed upon me
(32:27):
very hard Marry my boyfriend,go work at the factory, have
babies, work 40 years for theman and then retire.
And that was pushed.
And so at my first job out ofhigh school I worked in a
factory and I remember I wasn'teven there two days.
Now I'm 18.
I've never been in an actualfactory.
I'm like, so hot, there's no airconditioning, everything is
(32:49):
dirty.
I'm like, oh my God, I'm filthy, dirty every day.
And I remember going to my dadone day and I was crying.
I'm like, oh my God, I'm filthy, dirty every day.
And I remember going to my dadone day and I was crying.
I was like, why would you wantthis for me?
This is the worst thing that'sever happened.
And I was.
I did, oh, screening, like youhad the t-shirts with the logos
a silk screening which is messy.
(33:10):
And he's like well, you know,you gotta get a good job, you
gotta work for me and you put intime, then you can retire early
.
But I was like but why wouldyou want that?
Like?
Why would anybody want that fortheir child?
Like on purpose?
So I was like you know what?
But I wasn't gonna quit becauseyou know midwest work ethic,
you can't quit your job.
And they laid people off.
One day they're walking through, this guy has all these little
pink slips and like the wholeplace freezes.
(33:33):
And I'm like what's happening?
Because this is my first job, Idon't know.
And they're like, oh, they'regiving out pink slips.
I'm like what does that mean?
Because I mean they're going tolay people off.
And I'm like what does thatmean?
They're like they're layingthem off and you won't have a
job.
And I'm was like, oh, thegreatest day of my life.
(33:54):
And I remember leaving.
And a couple of the women Iworked with were like in their
40s and they were crying andthey were so upset and I was
like why would you be upset?
This is like working in hell.
And as I got older and then Ihad a child and then I was a
single mom.
I looked back and I thought, oh, I understand, that was their
job, that was their insurance.
(34:15):
Like I was just like, thank God, I'm out of here, I'm never
doing this again.
And that was like their whole,that was their reality.
And I didn't even understand ituntil after I had a kid and I
thought, gosh, all the things Isaid to some of those women like
you should be happy you're outof here.
You should be happy you're outof here.
This place is terrible.
Why would you want to do that?
This is awful.
Break free, run away, doanything.
(34:35):
And and it's like, it's your,like I didn't even know what a
pink slip was.
I like this, like you.
Just people aren't exposed tostuff, you know.
So I was like, okay, I'm movingout of Ohio and I'm going to go
live in Florida because I wantwarm weather and I don't want to
be pushed into another factoryjob, because I'm never doing
that again.
And you know, I found my ownway.
So it is really a lack ofexposure for 99% of the people.
(35:00):
They just work, get their job,get their 401k, get their
retirement and their SocialSecurity, and that's okay.
But there's just such a worldout there that people just don't
know about.
Dr. Allen Lomax (35:12):
Yeah, you're absolutely right.
I mean it's uh, you know we,just we, we're all born into a
culture and into a society andit frames us from the day that
we enter this world and you knowit just, uh, in in my situation
, it took that dark night of thesoul.
(35:38):
It was the worst day of my life, which I look back on now as
the best day of my life.
Dwan Bent-Twyford (35:46):
Will you share it with us, or is it too
personal?
Dr. Allen Lomax (35:51):
I don't mind sharing it.
But anyway, I was 38 years oldand up to that point in time in
my life I was doing just exactlywhat you were describing.
I was just one.
I was just the mostne'er-do-well person you could
imagine, going from dead-end jobto dead-end job, from dead end
(36:11):
job to dead end job and havingno direction and no passion
leading me in my life and Ithought that was life.
And then my wife ended themarriage and I just thought that
(36:32):
was the end of my life and myexistence.
Well, I went into counseling andfor the first time in my life I
really started an inwardjourney and started looking
inside and started reallyresolving a whole lot of
unresolved issues and found apassion, found that in fact, I
(36:58):
do have innate skills andabilities and I found that
really through counseling I havethe ability to instantly
empathize and to instantlyconnect with people with
unconditional positive regard.
So I went back to school, gotmy master's, eventually my PhD,
(37:21):
and it was that moment that ledme to my passion, and my passion
led me to a career that I loved.
And's not that I wish that onpeople.
It certainly is not something Ilook back on and go.
(37:54):
That was a wonderful experience.
Dwan Bent-Twyford (37:59):
But you know what?
My husband left when I had aneight-month-old child and just
took off All the money, the car,everything, and I was like same
thing, this is the worst thingthat's ever happened to me.
But then I thought you knowwhat?
I got a daughter.
So I in the end I win and I'mjust going to make something
happen.
So I don't think I ever wouldhave jumped over to this if I
(38:21):
hadn't just been left with nojob options.
I lost my house in foreclosure,my car got repossessed, my
credit card.
It was a disaster and I waslike how do you come back from
that?
But then look at us both nowrockin' life.
Dr. Allen Lomax (38:48):
And you know, I mean it's just, you know, if it
hadn't been for that experience, I would still be in that
near-do-well experience here at74 years old.
So I'm so grateful for it.
Dwan Bent-Twyford (38:57):
Yeah, that's how I feel too.
I'm just like thank you, man.
All right, so let's jump topicsfor a minute.
I always like to get to knowpeople and that story, Thank you
Honestly.
Thank you for sharing that.
I know it's really hard for alot of people to share the
moment.
I call it personally, I call itmy come to Jesus moment where
it's like, okay, my entire lifejust fell apart one hour ago and
(39:19):
now I got to pick back up andit's hard because you're scared,
you don't know what to do.
Is this going to work?
Can I try to bring that back?
And then you're like at somepoint you're like you know what,
screw it, I'm just going to godo something else which it
sounds like we both did and, youknow, ended up in a great
position.
So I really do appreciate yousharing that.
(39:39):
I know it's not always easy forpeople to share their stories,
but I share mine all the time.
I'm like Listen, I got a baby.
I was fired from Denny's on thethird shift.
I mean, if I can do this, I'mtelling you, anyone on the face
of the earth can do this.
There was nothing special aboutme, I just had a really high
desire to not go work forsomebody else.
So let's sidetrack.
Tell me what is your favoriteband of all time.
Dr. Allen Lomax (40:03):
My favorite band?
Well, it would be well.
You've probably heard of this,but probably most people in the
audience have not.
It's the Carpenters.
Dwan Bent-Twyford (40:13):
The Carpenters.
Everyone's heard of theCarpenters.
Dr. Allen Lomax (40:17):
Well, I'm not sure.
Dwan Bent-Twyford (40:20):
Oh, Karen Carpenter and Richard.
Oh man, I love the Carpenters.
I don't know anyone alive thatdoesn't love the Carpenters.
Dr. Allen Lomax (40:28):
She had a voice like silk, didn't she the?
Dwan Bent-Twyford (40:32):
best voice.
I've watched all the shows onher, I've watched all the
biographies, I've watchedeverything.
And so we have grandkids thatare 10, 9, 5, and 3.
So Bill and I are turning themon to music and I said, listen,
we can really only teach themusic from the 60s and the 70s,
but after that there's so muchcursing.
So we, they have, they love thecarpenters, they, they know the
(40:55):
carpenters, they know like thebeatles, um, they know just
queen, a lot of really fun music.
And I'm, and my daughter-in-lawis like, can you like have them
listen to country?
I'm like girl, I girl, I don'tlike country, I'm not listening
to country.
I'm going to teach them mymusic.
But I said, after the 80sthere's so much cursing, I just
don't want them to be singingalong and cursing.
(41:17):
So they love the Carpenters andwe just bought them some
Beatles CDs Like, oh man, welove the Beatles.
I'm like beautiful voices,beautiful voices, the carpenters
are great Good for you.
What's your favorite food?
Dr. Allen Lomax (41:30):
Thai Thai Thai curry.
Thai curry is my favorite.
Dwan Bent-Twyford (41:36):
I love Thai food too.
My husband's not a huge Thaifan, so we'll go someplace where
we have a restaurant.
We live in a really tinymountain, we're at 9,000 feet,
we're really away fromeverything.
But we do have a restaurant andthe menu is like half chinese
and half thai.
He gets off the the thing andbut the thai food is here, great
.
I'm like, oh, we live in themountains and we have thai food,
(41:58):
and we just get a brand newrestaurant indian food.
I'm like, oh my god, 20 yearsin the mountains and they
finally opened up somerestaurants where do you live?
uh, it's called Bailey Colorado.
Dr. Allen Lomax (42:08):
Bailey.
Dwan Bent-Twyford (42:09):
Outside Denver but like if you're at the
Denver airport and you seethose mountains way in the
background.
We're all the way in thosemountains.
Dr. Allen Lomax (42:15):
We're 9,000 feet.
Yeah, I grew up in Durango, soI was the other side of those
mountains.
Dwan Bent-Twyford (42:22):
Durango is great.
I love Durango, that's one ofthe places we go sometimes and
just hang out for a few days andgo shopping and go to all the
boutiques and I buy, like allthese really fun, cool jackets,
because there's stuff that don'thave it anyplace else.
I love Durango.
Dr. Allen Lomax (42:36):
That's a great place.
Dwan Bent-Twyford (42:36):
I didn't know that.
Where do you live now?
Where are you at now?
Dr. Allen Lomax (42:39):
I'm in North Carolina now in Appalachia.
Dwan Bent-Twyford (42:43):
I like North Carolina, I like North Carolina,
I like North Carolina.
My sister lives there too, soyeah, durango is a great city.
What's your favorite time ofday?
Like just throughout.
Dr. Allen Lomax (42:58):
Where's your happy spot?
Where you're like this, is it,I guess, around eight o'clock in
the evening?
That's when everything is putaway.
Whether I'm finished with it ornot, it goes away and I just
get real quiet or not, it goesaway and I just get real quiet.
Dwan Bent-Twyford (43:13):
You know it's funny.
I ask well, I don't always ask.
I started just asking thesequestions, just like in the last
year or so, and all thesepeople are like, oh, I love the
morning, I'm up at 4 am, I'mworking out.
I'm just like, well, like, why,like seriously, why would you
be up at 4 am working out?
What is wrong with you?
I am like you End of the daywinding down, hanging out with
my husband it's like this is byfar the best part of every day.
Dr. Allen Lomax (43:33):
Yeah, I mean, I'm up at 4.30 every morning,
but it's not my favorite time ofthe day.
It's just the time to get upand get going.
It is what's good about that.
Dwan Bent-Twyford (43:46):
I'm an end of the day person too.
I really look forward to theend of the day because Bill and
I are going to finish our workand we're going to hang out for
a while.
It's like this is great, Allright.
So now how can my Dwan-derfulfamily help you reach whatever
your next big goal is?
Dr. Allen Lomax (44:04):
Well, you're helping me now by inviting me to
your podcast, and you can helpby, of course, sharing your
podcast with your audience.
That would just be wonderful.
Dwan Bent-Twyford (44:17):
Maybe all one million of my listeners will
hear this?
Dr. Allen Lomax (44:22):
That would be wonderful, yeah.
Dwan Bent-Twyford (44:23):
I'm just all about.
You know.
I figure I want to help as manypeople as I can in my life with
their money, their finances,their health, their spirituality
, like all the things, becausethere's many things that make us
who we are.
I'm like, if I can help anybodyin any of those paths, I always
want to be able to do that.
So everyone is interested ingetting better about your money
and learning and somesyndication.
(44:45):
This is your guy right here,All right, last question I want
you to leave us with a word ofwisdom, but only one single word
.
Dr. Allen Lomax (44:55):
One single word Compassion.
Dwan Bent-Twyford (45:00):
Okay, so compassion.
So what we do at Dwonderful isI tell everyone, when they hear
me interview a new guest, takethe word, put it on a sticky and
put it on the mirror and thencompassion is our word of the
week.
So we just, we see it withcompassion, compassion,
compassion.
So what does that word mean toyou?
Dr. Allen Lomax (45:25):
It just means that that's how the world should
operate.
We should all have greatcompassion for ourselves and
other humans and every being onthe planet.
Dwan Bent-Twyford (45:44):
Amen.
I cannot agree with you more.
I always like to ask what itmeans to you, because compassion
can mean different things todifferent people.
So we want to focus on yourversion of compassion for the
week, and I agree, there is justnot enough kindness and
compassion left in the worldanymore.
I'm telling you, people havejust lost their minds.
(46:06):
It's like I look at the world, Iget the news.
I'm like how is I wonder?
I always think, like mygrandkids, when they get to be
40 and they look back on thisexact time period with all the
just you know, all the stuff islike what are they going to look
back and think Like we were abunch of crazy people?
Were they going to?
That was a good time in society?
And I'm thinking, I feel likethis, this particular point with
(46:28):
, like, the boys and the women'ssports, and not to get pulled
over, all that stuff.
I'm like I'm hoping people lookback and go what the hell was
wrong with everybody?
Like it says, the world's gonecrazy.
I've got these little grandkids.
I'm like I just want to keepliving in the mountains for life
and this little hole right heremaybe can protect you from the
big bad wolf that's outsideright now.
(46:50):
So, all right, alan, I want tothank you.
Dr Alan, I'm so sorry.
I want to thank you so much forbeing on my podcast today.
You guys, if you're listening,go to dwonderfulcom and take my
real estate investing quiz.
I think you'll find it to bequite interesting.
And don't forget to subscribe,give a five-star review, write a
(47:13):
message about how amazing itwas and share with your friends.
I can't grow to two millionwithout you.
So thank you guys for listening.
Dr AllenI appreciate you somuch being on here, and everyone
.
We'll be back next week, samebat time, same bat channel.
And remember that the'll beback next week, same bat time,
same bat channel.
And remember that the truth isin the red letters.
Goodbye everybody.
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